Nearly three quarters of the way through 2020, and with the world fully settled into the “new normal,” quarantine, “the recession?,” (or whatever it is that we’re calling this strange state of things), it’s still very frequently asked, “Is a time like this good time to start a startup?“ The best time is yesterday. The
Years ago, Peter Thiel provocatively proclaimed in the Wall Street Journal that “Competition Is for Losers” and I recall loving the headline not for the negative connotation implied, but for the play on words that you’re going to lose if you set out to compete. “The airlines compete with each other, but Google stands alone.
It’s a marriage. I’m a bit surprised by how many entrepreneurs start something merely hoping to have a business, solve a problem, or accomplish something. I can’t recall when I’ve ever seen that work, substantially. Launching a startup is like having a child, and finding committed cofounders is a marriage. The difference is that you
A simple list of five. The FIVE groups of people to start networking before you start anything… Toward investors. Start now. Getting know them before you need them. Get to know those who will likely support what you’re doing. They’re advisors so they can invest, not banks that are just there for capital. With potential
Funding doesn’t determine a startup from a small business; the nature of the business determines the funding. Twist of logic perhaps, so let’s explore it. Very frequently, I find small businesses looking to raise venture capital; let me cut to the chase that such efforts are almost always wasting their time. The distinctions between small
Frankly, I hate how, since the dawn of the computer and internet, when we say “technology” we tend to presume only software, web sites, and smartphones. “Technology” does not mean semiconductor and code! The application of scientific knowledge for practical purposes The idea of technology was defined in 1829! Technology (“science of craft”, from Greek, techne, “art, skill, cunning
Who doesn’t have a web startup idea? By my last count, I have… let me see…. 13. No 14. Unfortunately, I have roughly the same plan to get them built. Guess that’s not going to work. I’d tell you about them but you’d have to sign an NDA. Thanks to Kevin Liu at Outright for